IRS Announces 2020 Standard Mileage Reimbursement Rates

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Happy New Year!

On Jan 1st 2020, the IRS announced the Standard Mileage Reimbursement rate.

These rates are below:

Business: 57.5 cents per mile (down from 58 cents in 2019)
Charitable: 17 cents per mile (down from 20 cents in 2019)
Moving: 20 cents per mile (currently fixed by congress)

To read the original announcement from the IRS go here:

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